Wi-LAN Inc (OTCMKTS:QTRHF) Short Interest Up 28.7% in August

Wi-LAN Inc (OTCMKTS:QTRHF) was the target of a large increase in short interest in August. As of August 15th, there was short interest totaling 663,200 shares, an increase of 28.7% from the July 31st total of 515,200 shares. Based on an average daily volume of 7,100 shares, the short-interest ratio is currently 93.4 days. Based on an average daily volume of 7,100 shares, the short-interest ratio is currently 93.4 days.

Analysts Set New Price Targets

Separately, Raymond James Financial reaffirmed an “outperform” rating on shares of Wi-LAN in a research report on Friday, May 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Wi-LAN Stock Down 3.1%

Wi-LAN stock opened at $0.85 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 1.02. The business’s 50-day simple moving average is $0.91 and its two-hundred day simple moving average is $0.99. The company has a market cap of $99.28 million, a PE ratio of -5.00 and a beta of 0.90. Wi-LAN has a fifty-two week low of $0.78 and a fifty-two week high of $1.39.

Wi-LAN (OTCMKTS:QTRHF) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $43.08 million for the quarter, compared to analysts’ expectations of $40.68 million. Wi-LAN had a negative net margin of 12.38% and a negative return on equity of 14.97%.

Wi-LAN Company Profile

Quarterhill Inc, together with its subsidiaries, operates in intelligent transportation system business in Canada and internationally. The company offers riteSuite, which offers mobility solutions, such as all-electronic tolling, dynamic pricing, agency interoperability, hosted mobility solutions, and machine learning; back-office solutions, which offers account management, customer service, violation processing, and technical services operations; roadside solutions, which offers onsite and remote maintenance and field operations services, including tolling facility support, lane equipment control, and cash management services; and international road dynamics products and services, which offers automated truck weigh stations, toll road systems and equipment, red light and speed enforcement systems, and traffic management and safety systems.